Power REIT  Losses?  | Going Concern Opinion Issued by Independent Audit Firm

Power REIT  Losses?  | Going Concern Opinion Issued by Independent Audit Firm

Power REIT  Losses?

Goodman & Nekvasil Investigation of Power REIT.

Power REIT Receives Audit Opinion with Going Concern

According to a recent press release, Power REIT, announced that the audited financial statements contained an unqualified audit opinion from its independent registered public accounting firm that included an explanatory paragraph related to the Trust’s ability to continue as a going concern.

Power REIT Shares are down 76% this year.

Power REIT shares are down, according to a GOOGLE market summary report, approximately 76%.  The publicly traded REIT hasn’t issued a dividend to investors since January 2013.

Goodman & Nekvasil, P.A., is investigating brokers who may have unsuitably recommended REIT investments to its clients.

St. Petersburg, Florida law firm Goodman & Nekvasil, P.A., has a national practice representing victimized investors.  The  firm continues to investigate brokerage firms that placed elderly retirees and other conservative investors in unsuitable investments.

Goodman & Nekvasil, P.A., has filed numerous cases against brokerage firms selling high-risk investments and has recovered more than $400 million dollars on behalf of victimized investors.

We allege in these cases that these investment recommendations were unsuitable for our clients in view of their financial situation, needs and investment objectives.

There is no charge for an evaluation of your case. We handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee.

If you incurred losses on your investment and would like your case evaluated by a securities attorney, please contact us.

Some of the information in this blog post was obtained from FINRA on 4/01/24. If you believe this information was reported incorrectly, please contact our firm: 1-800-500-4442.